EXECUTIVE MOVES 15

Marks & Spencer’s chief executive Sir Stuart Rose is to step up to the role of executive chairman of the business in June, and leave it in 2011. The move, which combines the roles of chairman and chief executive, has been criticized by some o

April 6, 2018

Marks & Spencer’s chief executive Sir Stuart Rose is to step up to the role of executive chairman of the business in June, and leave it in 2011. The move, which combines the roles of chairman and chief executive, has been criticized by some of the retailer’s major shareholders. However, Rose, speaking at a conference in London last week, justified the move as a way of allowing other senior members of the team to “fly” as they compete for the chief executive’s role after his retirement.

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